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Alcohol Ingredients Market Expected To Trigger A Revenue To $2.71 Billion By 2025 | Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd

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Alcohol Ingredients Market Expected To Trigger A Revenue To $2.71 Billion By 2025 | Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd

February 12
11:24 2020
Alcohol Ingredients Market Expected To Trigger A Revenue To $2.71 Billion By 2025 | Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd

Grand View Research, Inc. – Market Research And Consulting.
Young population is expected to remain the major consumer base of the alcohol industry. According to the National Health Interview Survey of U.S., in 2017, 35.6% of adults aged between 18 and 24 and 34.3% of adults aged between 25 and 44 had at least one heavy drinking day in U.S. Similarly, in U.K., the number of young drinkers has increased significantly as compared to the other age group from 2005 to 2016.

The global alcohol ingredients market size is expected to reach USD 2.71 billion by 2025 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing alcohol consumption across the globe has been fueling the product demand. In addition, rapid urbanization along with the increased adoption of western culture in the developing countries including China, India, Indonesia, and Taiwan is expected to boost the demand for alcoholic beverages, which, in turn, will prompt the utility of ingredients including yeast and enzymes.

Flavors & salts product segment held the largest market share in 2018 on account of increased demand for flavored drinks. Major alcoholic beverage companies have expanded their product portfolio in this particular segment. Beer held the largest market share of over 40% in 2018. Health benefits offered by beer along with its low alcohol content have made it a popular drink. Craft beers are expected to witness a significant growth in near future due to growing popularity across the globe. Europe was the dominant regional market in 2018.

Product Insights
Flavors & salts was the largest segment and accounted for 43.2% of the global market in 2018. Growing demand for flavored drinks including flavored beer, whisky, and wine is fueling the demand for flavors & salts. Increasing use of fruits as flavor has expanded the portfolio of flavored drinks and attracted new consumers in the past few years. The European countries including France and U.K. are witnessing a significant growth in this segment. Major exporter of the flavored spirits include Germany, Spain, U.S., Netherlands, and Jamaica. Popular flavors include vanilla, coffee, honey, chocolate, green apple, citrus, watermelon, and raspberry.

Yeast is another important ingredient, which is used for the fermentation of alcohol to convert the sugar into ethanol and carbon dioxide. Increased consumption of yeast as a raw material for the production of functional drinks including probiotics beverages on a global level is expected to affect the availability of yeast for the production of alcoholic beverages.

Get Details For “Sample Report, TOC, Segmentation & methodology of Alcohol Ingredients Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market

U.S. alcohol ingredients market size, by product, 2015 - 2025 (USD Million)

Prominent economies of this region include, Germany, U.K., Italy, Spain, Romania, and Belgium. High alcohol consumption levels along with the presence of a large number of alcohol producers has increased the product demand in this region. Asia Pacific is anticipated to be the fastest-growing region at a CAGR of 9.6% from 2019 to 2025. China, India, South Korea, Taiwan, Myanmar, and Thailand are the prominent markets in this region. Rising per capita income and growing number of pubs, bars, and clubs have been driving the product demand in these developing countries.

Application Insights
Beer accounted for a revenue share of more than 40% of global share. The major ingredients of beer production include cereal grains, yeast, hops, and water. Rising awareness about the health benefits associated with beer has fueled industry growth. It contains vitamins, natural antioxidants, proteins, low calories, and carbohydrates. These nutritional properties help prevent Cardiovascular Diseases (CVDs), kidney stones, high cholesterol level, and support muscle rebuild.

Craft beer market has witnessed a significant growth over the past few years. In terms of sales, craft beer has a 23% share of the U.S. beer industry. U.S. Alcohol and Tobacco Tax and Trade Bureau (TTB) has issued 1,252 new permits in 2018. Major brewers of U.S. include Anheuser-Busch Inbev, MillerCoors, LLC, Constellation, Heineken USA, and Pabst Brewing.

Would you Like to Take a Look On “Sample Report” of Alcohol Ingredients Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market/request/rs1

Global alcohol ingredients market share, by region, 2018 (%)

 

Further key findings from the study suggest:

  • Europe held the largest market share in 2018 accounting for more than 35% of the total revenue

  • Spirits application segment is expected to register the fastest growth rate of 9.0% over the forecast period

  • Flavors & salts product segment held the largest share of the global alcohol ingredients market in the past and is projected to expand at the highest CAGR from 2019 to 2025

  • Spirits segment held the largest share in the Asia Pacific market and also accounted for more than 45% of global revenue in 2018

  • Key companies in this market include Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd.; Biospringer; Sensient Technologies; Chr. Hansen A/S; The Archer Daniels Midland Company; Kerry, Inc.; Ashland Global Specialty Chemicals, Inc.; and Döhler

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/3636/ibb

Grand View Research has segmented the global alcohol ingredients market on the basis of product, application, and region:

Alcohol Ingredients Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Yeast

  • Enzymes

  • Colorants

  • Flavors & Salts

  • Others

Alcohol Ingredients Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Beer

  • Spirits

  • Wine

  • Others

Alcohol Ingredients Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market